BitFuFu’s 2025 results showed a rapid change in its business mix, with cloud mining overtaking self-mining as the company’s main revenue driver.
Bitcoin based in Singapore ($BTC) miner reported 2025 revenue of $475.8 million, an increase of 2.7% year over year.
Own mining production decreased to 611 $BTC From 2,537 $BTC In 2024, it decreased by 76% and Bitcoin holdings increased to 1,778. $BTC From 1,720 $BTC A year ago.
The company attributed this change to lower Bitcoin revenue per terahash, increased mining difficulty, and reduced proportion of hashrate allocated to self-mining due to increased reliance on cloud mining products.
BitFuFu said it reallocated hashrate from self-mining to cloud mining after daily Bitcoin revenue per terahash decreased by 52% due to increased mining difficulty and a 47% reduction in hashrate allocated to self-mining. Rising Bitcoin prices partially offset that impact.
Source: BitFuFu
The company said it has transitioned away from self-mining hashrate to improve capital efficiency and make returns more predictable.
Self-mining revenue in 2025 decreased approximately 60% to $63.1 million from $157.5 million the previous year.
Cloud mining overtakes self-mining
Cloud mining revenue accounted for approximately 74% of BitFuFu’s revenue in 2025, amounting to $350.6 million. In contrast, cloud mining accounted for 58.5% of revenue in 2024, with this segment generating $271 million.
The number of cases reported by the company was 3,662. $BTC Annual production volume of self-mining operations and customer cloud mining activities (including 611 cases) $BTC Self-mining and from 3,051 $BTC Created by a cloud mining customer.
BitFuFu said sales of mining equipment also increased, increasing 76% year over year to $53.7 million.
BitFuFu outlines priorities for 2026
BitFuFu increased its Bitcoin holdings by just 58; $BTC Last year, the company said it would continue to expand its services. $BTC Ministry of Finance in 2026.
“As we look to 2026, we will expand our cloud mining operations, expand hash rate and power capacity with discipline, and continue to build out our Bitcoin vaults,” the company said in a statement on X.
sauce: Bitfufu
BitFuFu CEO Leo Lu said the company will focus on acquiring mining infrastructure in 2026 and will continue to explore potential partnership opportunities as part of its vertical integration strategy.
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